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(SUM) Summit Materials complete technical analysis [charts+indicators] | Buy/Sell Summit Materials | (SUM) share price targets

Complete technical analysis of Summit Materials (SUM) by charts plus indicators, forecast predictions and share price targets for Summit Materials (SUM)

Summit Materials trades in USA in Basic Industries sector.

Showing technical analysis as on 2024-09-26 View latest technical analysis

10 day averaged volume of Summit Materials is 1035270

Date	Daily Closing Price	Open	High	Low	Volume
26 Thu Sep 2024	39.21	39.19	40.10	39.03	0.78 times
25 Wed Sep 2024	38.59	38.74	39.01	38.39	0.695 times
24 Tue Sep 2024	38.57	39.22	39.34	38.48	0.809 times
23 Mon Sep 2024	38.98	39.41	39.96	38.57	1.197 times
20 Fri Sep 2024	39.36	40.18	40.38	39.32	1.907 times
19 Thu Sep 2024	40.28	40.54	40.61	39.39	0.88 times
18 Wed Sep 2024	39.15	39.34	40.28	38.71	0.858 times
17 Tue Sep 2024	39.10	38.56	39.49	38.32	1.02 times
16 Mon Sep 2024	38.37	38.08	38.55	37.73	0.848 times
13 Fri Sep 2024	37.71	38.38	38.93	37.64	0.933 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 39.7 as stoploss in an intra day sell trade for a target of 38.14. However, stock will show a bullish move above 39.7.

Share price targets for Summit Materials (SUM)

Target Type	Value
Downside Target	34.64
Downside Target	37.09
Upside Target	39.78
Upside Target	40.01
Upside Target	40.10
Upside Target	40.60
Upside Target	40.61
Upside Target	42.02
Upside Target	42.31
Upside Target	42.78

Intraday share price targets for Summit Materials (SUM)

Target Type	Value
Downside Intraday Target	38.37
Downside Intraday Target	37.52
Upside Intraday Target	40.08
Upside Intraday Target	40.94
Upside Intraday Target	39.23

Weekly technical analysis of Summit Materials (SUM)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Thu Sep 2024	39.21	39.41	40.10	38.39	0.631 times
20 Fri Sep 2024	39.36	38.08	40.61	37.73	1.455 times
13 Fri Sep 2024	37.71	35.95	38.93	34.80	0.994 times
06 Fri Sep 2024	35.92	39.81	40.01	35.89	5.377 times
30 Fri Aug 2024	40.50	40.08	40.60	39.78	0.133 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Summit Materials (SUM)

Date	Monthly Closing Price	Open	High	Low	Volume
26 Thu Sep 2024	39.21	39.81	40.61	34.80	0.804 times
30 Fri Aug 2024	40.50	41.78	42.02	35.71	0.943 times
31 Wed Jul 2024	41.78	36.74	42.78	35.36	1.165 times
28 Fri Jun 2024	36.61	39.24	39.31	34.64	0.882 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Summit Materials (SUM)

Price action analysis of Summit Materials ( (SUM) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Summit Materials ( (SUM) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Summit Materials ( (SUM) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Summit Materials ( (SUM) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Summit Materials stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Summit Materials in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Summit Materials Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Summit Materials in short term and BUY signal is strong.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Summit Materials is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 38.98 and Summit Materials (SUM) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Summit Materials (SUM) stock. Volume based technical analysis of Summit Materials (SUM) stock is negative.

Summit Materials Stock is giving positive returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.